Bingo Thank You!

To our players, sponsors, and volunteers:

On behalf of the Putnam County Board of REALTORS® I would like to thank everyone that attended our Bingo Event on Saturday, November 13th.  This bingo was our first in two years and we had a great crowd.

We started off the night by announcing a special donation made possible by First National Bank.  It allowed us to start out the Bonanza game with a $500 cash prize.  Each additional bonanza ticket sold during the event added to the prize payout, which hit its maximum of $1000 to one lucky winner!  It also brought in extra money to the bottom line of the event.

In all, we profited over $7000, making our scholarship fund the biggest winner of the night.  Applications are now available online at  The deadline to apply is 1/21/22.  In May will be announcing the Putnam County Scholarship winners for 2022.

I would also like to thank our main Event Sponsors for the bingo: Aames Title, Abstract and Title of Putnam County, Jon Blue – F.C. Tucker Advantage Realtors, Carpenter Realtors, First Financial Bank, First National Bank, Helmer Appraisal, HMSB Insurance, JTN Outdoor Power, McCloud Electric, Rural 1st, Jana Sillery – Fogle Real Estate, Teachers Credit Union, F.C. Tucker Advantage Realtors, and Laura Wheeler – Century 21 Wheeler Realty.

THANK YOU to our members that volunteered their time the day of the Bingo – Gina Carter, Amy Clark, Samantha Cooper, Lisa Fischer, My Gilley, Elizabeth Kienzynski, Traci (Dobson) McKinney, Mary Looper, Jeff Rich, Chris Skillern, Michelle Skillern, and Lezley Wass.  We also appreciated the help of several Greencastle National Honor Society members that assisted that evening with concessions and cleanup.

This event would not be possible without those that helped organize the event, setup tables, chairs and equipment before and after the event, plus those that volunteered their time, talents and resources.  We greatly appreciate all those that donated door prizes and concession items as well.

Thank you for making our Scholarships to Putnam County Graduating Seniors possible!

Diane Ummel, Executive Officer

Putnam County Board of REALTORS®

IAR says Escalation Clause still a rough spot in closing deals

Calls and emails are still pouring in on the IAR Escalation Clause Addendum. It’s a good thing that the market is still hot, and we love hearing from you, we just want you to be able to serve your clients the best you can. Please take 6 minutes out of your day to watch this video recorded by General Counsel Richelle Mossler back in May. It will explain how to use the escalation clause properly.

Appraisal Gap Best Practices – from IAR

Another sign that the market is hot? Calls and emails on the IAR Appraisal Gap Coverage Provision remain steady. Again, we love hearing from you, we just want you to be able to serve your clients the best you can. So, here’s a quick review: This provision says the buyer agrees to cover the gap if the appraisal comes back lower than the purchase price up to a certain dollar amount. Several issues may arise when this provision is in play. Protect your clients with these best practices drafted by IAR attorneys.

IAR warns of legal action for unauthorized use of IAR forms

Reports of IAR forms being used by non-members are pouring in on the Legal Hotline. It is a violation of copyright when a non-member uses an IAR form. It is also a violation of copyright when a member supplies an IAR form to a non-member. To protect the integrity of IAR forms – and the members who pay to access them/use them as intended – IAR intends to pursue legal means to prosecute unauthorized users and their suppliers.
Official Notice
 FYI: first notice was given in this May 6th all-member email.
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